Bridgestone in lead to acquire U.K.'s Kwik-Fit - FT

KabirChibber

LONDON (MarketWatch) -- Japanese tire group Bridgestone Corp.
5108, +0.62%
who owns Firestone in the U.S., is in the lead to acquire tires and exhaust retailer Kwik-Fit, the Financial Times reported, with partner Mitsubishi Corp.
8058, +0.11%
The report said Bridgestone still faces competition from at least five private equity houses. The report valued Kwik-Fit at up to 1 billion pounds ($1.8 billion), and said Kwik-Fit has already seen off early interest from U.S. giant Wal-Mart Stores Inc.
WMT, -0.37%
and France's Michelin SA
fr:012126

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